19 Linden DriveSpring LakeNJ07762
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Spring Lake at 19 Linden Drive, Spring Lake, NJ, 07762 offers $3,971/mo rent that, after a $4,009/mo payment. Total monthly income is $3,971/mo. Return on cash invested measures 9.67% in year one, and rental yield stands at 5.82% at a $819,000 entry. Equity gained on principal adds $5,285/yr while 5% annual appreciation compounds into $226,275 by year five. Five-year ROI records 49.91% and total cumulative return in cash reaches $134,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,971/mo property income versus a $4,009/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Emilie M Puzio • D'Amico & McConnell Realtors
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22524907
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.